Sterling Bancorp (Sterling Bancorp) Change In Receivables : $-0.68 Mil (TTM As of Dec. 2023)

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What is Sterling Bancorp Change In Receivables?

Sterling Bancorp's change in receivables for the quarter that ended in Dec. 2023 was $0.35 Mil. It means Sterling Bancorp's Accounts Receivable declined by $0.35 Mil from Sep. 2023 to Dec. 2023 .

Sterling Bancorp's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.68 Mil. It means Sterling Bancorp's Accounts Receivable increased by $0.68 Mil from Dec. 2022 to Dec. 2023 .

Sterling Bancorp's Accounts Receivable for the quarter that ended in Dec. 2023 was $8.51 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Sterling Bancorp's Days Sales Outstanding for the three months ended in Dec. 2023 was 50.69.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sterling Bancorp's liquidation value for the three months ended in Dec. 2023 was $-1,079.49 Mil.

Sterling Bancorp Change In Receivables Historical Data

The historical data trend for Sterling Bancorp's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sterling Bancorp Change In Receivables Chart

Sterling Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.19

2.73

3.29

-0.13

-0.68

Sterling Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.77	0.21	0.13	-1.37	0.35

Sterling Bancorp Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.68 Mil.

Sterling Bancorp (NAS:SBT) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Sterling Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.509	/	15.318	*	91
=	50.69

2. In Ben Graham's calculation of liquidation value, Sterling Bancorp's accounts receivable are only considered to be worth 75% of book value:

Sterling Bancorp's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1002.406	-	2088.28	+	0.75 * 8.509	+	0.5 * 0
=	-1,079.49

Sterling Bancorp Change In Receivables Related Terms

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Sterling Bancorp (Sterling Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sterling Bancorp Inc (NAS:SBT) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Towne Square, Suite 1900, Southfield, MI, USA, 48076

Website

https://www.sterlingbank.com

Sterling Bancorp Inc is a unitary savings and loan holding company. Its primary business is the operation of its wholly-owned subsidiary, Sterling Bank, through which it offers a range of loan products to the residential and commercial markets, as well as retail banking services. The products and services offered by the bank include saving and current accounts, demand and term deposits, payment cards, trade finance, fund transfer, treasury and cash management. It provides services such as construction loans, residential real estate, commercial real estate, commercial lines of credit and other consumer loans.

Executives

Elizabeth M. Keogh	officer: Chief Legal Officer	STERLING BANCORP, INC., ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Eboh Duke Okorie	director	100 VAN REYPEN STREET, JERSEY CITY NJ 07306
Michael Donahue	director	C/O STERLING BANCORP, INC., ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Erwin A. Rubenstein	10 percent owner	C/O STERLING BANCORP, INC., ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Karen Knott	officer: EVP and CFO	ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Thomas M Obrien	officer: CHIEF EXECUTIVE OFFICER	C/O STATE BANK OF LONG ISLAND, 2 JERICHO PLAZA, JERICHO NY 11753
John Thomas Macfarlane	10 percent owner	151 S. OLD WOODWARD AVE., STE. 200, BIRMINGHAM MI 48009
Christine Meredith	officer: CHIEF RISK OFFICER	ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Kimmel Colleen	officer: GEN COUNSEL & CORP SECRETARY	ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Steve Huber	officer: CHIEF FINANCIAL OFFICER	ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Tracey A Dedrick	director	C/O HUDSON CITY BANCORP, INC., PARAMUS NJ 07652
Peggy Daitch	director	ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Denny Kim	director	C/O WL ROSS GROUP, L.P., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Steven E. Gallotta	director	ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD MI 48076
Harry S. Stern	10 percent owner	220 MONTGOMERY STREET, 15TH FLOOR, SAN FRANCISCO CA 94104